EV startup Nio reportedly raises $1B from Tencent and others

Electric cars are set to become an increasingly lucrative investment target, if they continuing enjoying the strong support of global initiatives to lower emissions and put clearer vehicles on roads. So expect more funding like the reported $1 billion that Niobium’s (formerly NextEV) has raised from a host of investors led by Tencent, per Reuters. The Chinese carmaker has already set… Read More...